T. Rowe Price Group (NASDAQ:TROW) Upgraded by Zacks Research to Strong-Buy Rating

Posted by Stanley Muller on Jul 17th, 2026

T. Rowe Price Group (NASDAQ:TROW – Get Free Report) was upgraded by stock analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report issued on Wednesday,Zacks.com reports.

TROW has been the subject of several other research reports. The Goldman Sachs Group increased their price target on T. Rowe Price Group from $90.00 to $92.00 and gave the company a “sell” rating in a report on Tuesday, June 30th. Barclays boosted their price objective on T. Rowe Price Group from $89.00 to $108.00 and gave the stock an “underweight” rating in a research note on Tuesday. TD Cowen upped their target price on T. Rowe Price Group from $93.00 to $94.00 and gave the company a “hold” rating in a report on Friday, May 1st. Evercore set a $121.00 target price on T. Rowe Price Group in a research note on Friday, July 10th. Finally, Keefe, Bruyette & Woods lifted their price target on T. Rowe Price Group from $107.00 to $120.00 and gave the stock a “market perform” rating in a report on Friday, July 10th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat.com, T. Rowe Price Group currently has an average rating of “Reduce” and an average price target of $103.42.

Read Our Latest Research Report on TROW

T. Rowe Price Group Trading Up 0.2%

Shares of NASDAQ TROW opened at $118.87 on Wednesday. The stock has a market cap of $25.47 billion, a PE ratio of 12.74, a P/E/G ratio of 4.27 and a beta of 1.47. T. Rowe Price Group has a 12-month low of $85.22 and a 12-month high of $121.17. The company has a 50-day moving average of $108.61 and a 200 day moving average of $101.21.

T. Rowe Price Group (NASDAQ:TROW – Get Free Report) last released its earnings results on Thursday, April 30th. The asset manager reported $2.52 earnings per share for the quarter, topping analysts’ consensus estimates of $2.37 by $0.15. The business had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.85 billion. T. Rowe Price Group had a net margin of 28.28% and a return on equity of 20.60%. The business’s revenue was up 5.3% on a year-over-year basis. During the same period last year, the company posted $2.23 EPS. On average, sell-side analysts forecast that T. Rowe Price Group will post 10.07 EPS for the current fiscal year.

Insider Buying and Selling

In related news, VP Stephon A. Jackson sold 3,000 shares of the stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $102.56, for a total value of $307,680.00. Following the completion of the transaction, the vice president directly owned 83,883 shares in the company, valued at approximately $8,603,040.48. This represents a 3.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.60% of the company’s stock.

Institutional Investors Weigh In On T. Rowe Price Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. State Street Corp raised its holdings in T. Rowe Price Group by 0.3% in the 4th quarter. State Street Corp now owns 14,159,797 shares of the asset manager’s stock valued at $1,449,680,000 after buying an additional 45,530 shares during the period. Goldman Sachs Group Inc. lifted its position in T. Rowe Price Group by 332.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 8,770,071 shares of the asset manager’s stock valued at $897,880,000 after buying an additional 6,740,172 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in T. Rowe Price Group by 1.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 8,073,846 shares of the asset manager’s stock worth $826,600,000 after buying an additional 143,109 shares during the period. First Trust Advisors LP boosted its stake in T. Rowe Price Group by 12.6% during the first quarter. First Trust Advisors LP now owns 3,694,171 shares of the asset manager’s stock worth $332,993,000 after buying an additional 413,317 shares during the period. Finally, Invesco Ltd. increased its position in shares of T. Rowe Price Group by 3.9% during the fourth quarter. Invesco Ltd. now owns 3,520,858 shares of the asset manager’s stock valued at $360,465,000 after acquiring an additional 131,438 shares during the last quarter. Hedge funds and other institutional investors own 73.39% of the company’s stock.

Key Stories Impacting T. Rowe Price Group

Here are the key news stories impacting T. Rowe Price Group this week:

Positive Sentiment: T. Rowe Price was added to multiple Zacks #1 (Strong Buy) lists on July 16, including momentum, value, and income screens, which can support bullish sentiment around the stock. Article Title
Positive Sentiment: The company introduced an actively managed spot multi-token crypto ETF, signaling product innovation and a possible new growth avenue for assets and fee revenue. Article Title
Positive Sentiment: Additional Zacks coverage also labeled TROW a strong buy for value and income investors, reinforcing the view that the shares may be attractively priced relative to fundamentals. Article Title
Neutral Sentiment: Analysts and commentary continue to debate valuation after the AdvanCell deal, suggesting investors are still assessing whether the stock is fully valued at current levels. Article Title
Negative Sentiment: Barclays reiterated a sell rating on T. Rowe Price, and recent commentary highlighted Q2 net outflows, which remain a concern for long-term asset growth and fee pressure. Article Title

T. Rowe Price Group Company Profile

(Get Free Report)

T. Rowe Price Group, Inc is a global investment management firm headquartered in Baltimore, Maryland, founded by Thomas Rowe Price Jr. in 1937. The company provides a broad range of investment products and services for individual investors, financial intermediaries, retirement plan sponsors and institutional clients. Its offerings are built around active investment management and in-house research across equity, fixed income and multi-asset strategies, reflecting a long history as a research-driven asset manager.

The firm’s product lineup includes mutual funds, separate accounts, collective investment trusts, target-date and target-risk funds, and managed account solutions, as well as services for defined contribution and defined benefit retirement plans.